The HS Code 98010026 refers to articles that are sold for export for personal use and then reimported without having advanced in value or improved in condition while abroad by the exporter. This code is used to classify these specific goods for trade and customs purposes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 98010026 is free. This means that no duty or tariff is imposed on these articles when they are imported into a country. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. In other words, if a country eliminates tariffs for a specific product, it must do so for all its trading partners.
The quantity unit for HS Code 98010026 is "no units collected (X)". This means that there is no specific unit of measurement associated with these articles. The "X" indicates that the quantity is not applicable or relevant for this code.
Under the special tariff preference programs, articles classified under HS Code 98010026 enjoy free trade benefits in certain countries. The following countries offer special rates or duty-free treatment for these articles: Australia (Special Rate), Bahrain (Special Rate), Canada (NAFTA duty-free treatment), Chile (Special Rate), Israel (Special Rate with duty-free treatment), Jordan (Special Rate), Morocco (Special Rate), Mexico (NAFTA duty-free treatment), Oman (Special Rate), Dominican Republic-Central America (DR-CAFTA), Peru (Special Rate), and Singapore (Special Rate).
HS Code 98010026 applies to articles that are imported into and exported from various US states. The specific states involved in the import and export of these articles may vary depending on the trade activities and preferences of the exporters and importers.
HS Code 98010026 is used to classify articles that are sold for export for personal use and reimported without any increase in value or improvement in condition while abroad by the exporter. These articles enjoy special tariff preference programs in certain countries, and the duty rate for their importation is free. It is important for traders, importers, and exporters to be familiar with this HS code and its associated regulations when engaging in international trade.